Equity

TGADX Templeton Growth Fund, Inc.

  • Global pioneers, local experts. The team’s local presence and global reach enable it to capitalize on unique insights and pursue long-term growth opportunities.
  • Deep fundamental research. Utilizing detailed fundamental models with long-term forecasts allows the team to pursue an unconstrained opportunity set that spans geographies, sectors, and styles.
  • True Diversification. Our investment mix changes as opportunities arise around the world.

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NAV 1 $0.14(0.44%)
$32.22
As of 10/31/2025
YTD Total Returns At NAV 2
22.23%
As of 10/31/2025
Total Net Assets
$9.24B
As of 09/30/2025 (Updated Monthly)

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Overview

Fund Facts

Fund description

The fund seeks long-term capital growth by investing primarily in the equity securities of companies located anywhere in the world, including developing markets.

Benchmark 3
MSCI All Country World Index-NR
Fund Inception Date
11/29/1954
Dividend Frequency, if any
Annually
Portfolio Turnover
43%

Sales Charges, Expenses & Fees

As of 01/01/2025
Gross Expense Ratio4
0.78%
Net Expense Ratio4,5
0.78%
Maximum Initial Charge
N/A
CDSC
N/A
12b-1 Fee
0.00%

Identifiers

Ticker
TGADX
Fund Number
601
CUSIP Code
880199302

Average Annual Total Returns

View performance section for additional info As of 09/30/2025

Advisor Class

  • 15.11%1 Year
  • 20.63%3 Years
  • 10.64%5 Years
  • 7.23%10 Years
  • 11.43%Since Inception
    11/29/1954

Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.

Top Sectors

View portfolio section for additional info

As of 09/30/2025 % of Total (Updated Monthly)

Capital Goods19.45%
Banks11.03%
Semiconductors & Semiconductor Equipment10.91%
Media & Entertainment9.05%
Software & Services7.14%

Additional Fund Info

Share Class Inception Date
01/02/1997
Investment Style
Value
Lipper Classification
Global Multi-Cap Value
Morningstar Category
Global Large-Stock Blend

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Manager and Commentary

About the Team

Templeton Global Investments

Templeton Global Investments combines extensive local presence and expertise with a flexible investment approach to give clients access to a broad set of global growth opportunities.

Commentary Highlights

June 30, 2025
  • Markets: The MSCI All Country World Index of stocks generated positive returns in US-dollar terms for the quarter. Emerging market equities outperformed developed market equities, while global growth stocks outperformed global value stocks.
  • Contributors: Stock selection in the industrials, information technology and consumer discretionary sectors contributed to performance relative to the MSCI All Country World Index-NR for the second quarter of 2025.
  • Detractors: Stock selection in the health care and financials sectors and stock selection and an underweight in the communication services sector detracted from relative performance.
  • Outlook: Our approach prioritizes long-term quality, consistency and compounding, even when it occasionally results in short-term underperformance relative to the fund’s benchmark. As always, our primary focus remains on constructing resilient portfolios that we believe can deliver compelling returns through full market cycles.
Templeton Global Investments
[Peter Sartoris avatar]

Managed Fund Since 2024

[Warren Pustams avatar]

Managed Fund Since 2019

[Christopher Peels avatar]

Managed Fund Since 2016

Portfolio Manager Profile
Years of Experience
Manager Location

Latest Insights

October 30, 2025

International equities: 2025 revival may be the start of a longer-term revival

April 4, 2024

Global Equity Pulse

March 8, 2024

Global Equity Pulse

February 7, 2024

Global Equity Pulse

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Performance

Risk Measures

As of 09/30/2025

Advisor Class - Without Sales Charge (NAV)
Measured against: MSCI All Country World Index-NR
Statistics
Beta
Beta Bear
Bull Bear Capture Ratio
Beta Bull
Historical Tracking Error
Information Ratio
Standard Deviation (%)
Advisor Class
MSCI All Country World Index-NR
Sharpe Ratio (%)
Advisor Class

Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized. 

See the risks and other important information.

Ratings 9

Morningstar logo
Overall Morningstar Rating
Overall Morningstar Rating: 2 out of 5 stars  
As of 09/30/2025
3 Years
3 Years: 3 out of 5 stars  
308 Funds in category
5 Years
5 Years: 2 out of 5 stars  
296 Funds in category
10 Years
10 Years: 1 out of 5 stars  
205 Funds in category
Rating Category
Global Large-Stock Blend

The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics. 

Morningstar Style Box
As of 09/30/2025
Current Historical
Large
Medium
Small
Value Blend Growth
Style
Size

Source: Morningstar®. The style box reveals a fund's investment style. For equity funds, the vertical axis shows the market capitalization of the long stocks owned, and the horizontal axis shows the investment style (value, blend, or growth). For fixed income funds, the vertical axis shows the credit quality based on credit ratings and the horizontal axis shows interest-rate sensitivity as measured by effective duration. Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.

©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Skipped to Portfolio Section Content

Portfolio

Assets

As of09/30/2025 (Updated Monthly)

Total Net Assets
$9.24 Billion

Positions

As of 09/30/2025 (Updated Monthly)

Number of Issuers
Fund
63

Portfolio Statistics

As of 09/30/2025 (Updated Monthly)

Price to Earnings (12-Month Trailing)
Fund
24.14x
Benchmark
23.27x
Price to Cash Flow
Fund
13.73x
Benchmark
14.39x
Weighted Average Market Capitalization (USD)
Fund
$904.12 Billion
Benchmark
$807.58 Billion
Price to Book
Fund
3.51x
Benchmark
3.57x

Asset Allocation

As of 09/30/2025 % of Total (Updated Monthly)

Holdings Fund
Equity
95.36%
Cash & Cash Equivalents
4.64%

 

Bar chart with 2 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 4.6448 to 95.3552.
End of interactive chart.

Holdings

As of 09/30/2025 (Updated Monthly)

NVIDIA Corp COM USD.001
Cash and Cash Equivalents
Microsoft Corp COM USD0.001
Amazon.com Inc COM USD.01
Taiwan Semiconductor Manufacturing Co Ltd SPONSORED ADR
Alphabet Inc COM USD.001 CL A
Apple Inc COM USD.00001
Rolls-Royce Holdings PLC ORD GBP.2
Airbus SE ORD EUR1
Wells Fargo & Co COM USD.1666

Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security. 

Skipped to Distributions Section Content

Distributions & Tax

Distribution Frequency
AnnuallyThis fund is an ex-Dividend fund
Capital Gain Distributions
December

Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.

Distributions Per Share
Distribution amounts may be estimates

12/12/2024

Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.

The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.

Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.

Skipped to Pricing Section Content

Pricing

Pricing History

As of 10/31/2025 (Updated Daily)

Chart

Line chart with 7521 data points.
The chart has 1 X axis displaying Time. Data ranges from 1996-12-31 00:00:00 to 2025-10-31 00:00:00.
The chart has 1 Y axis displaying [products.performance-value]. Data ranges from 9.62 to 32.4.
End of interactive chart.

Daily Fund Prices

As of 10/31/2025

Share Prices

As of 10/31/2025

NAV  1(Net Asset Value)
$32.22
NAV Change  1
$0.14
NAV Change (%)  1
0.44%
POP  6(Public Offering Price)
$32.22

52-Week Range

Highest NAV As of 10/27/2025
$32.40
Lowest NAV As of 04/08/2025
$23.82

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Documents

Fund Literature
 Name Download Add to Cart
Factsheet - Templeton Growth Fund, Inc.Download Document
Product Commentary - Templeton Growth Fund Inc.Download Document
Regulatory Documents
 Name Download Add to Cart
Annual Report - Templeton Growth Fund Inc. - Advisor ClassDownload Document
Annual Financial Statements and Other Information - Templeton Growth Fund, Inc.Download Document
Semi-Annual Report - Templeton Growth Fund Inc. - Advisor ClassDownload Document
Semi-Annual Financial Statements and Other Information - Templeton Growth Fund, Inc.Download Document
Prospectus - Templeton Growth FundDownload Document
Summary Prospectus - Templeton Growth FundDownload Document
Statement of Additional Information - Templeton Growth FundMailed hardcopies unavailable.Download Document
Fiscal Q1 Holdings - Templeton Growth FundMailed hardcopies unavailable.Download Document
Fiscal Q3 Holdings - Templeton Growth FundMailed hardcopies unavailable.Download Document

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Risks

All investments involve risks, including possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the fund invests in companies in a specific country or region, the fund may experience greater volatility than a fund that is more broadly diversified geographically. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.

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Important Information

Click here for funds sales charge and breakpoint information. 

Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance. 

Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.

Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.

You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Performance data quoted represents past performance, which does not guarantee future results. 

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges. 

The MSCI All Country World Index is a market capitalization-weighted index that is designed to measure equity market performance of developed and emerging markets.

MSCI All Country World Index-NR reflects performance of the MSCI All Country World Index (gross returns) from fund inception through 12/31/2000 and the MSCI All Country World Index-NR thereafter.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.

Net Returns (NR) include income net of tax withholding when dividends are paid.

Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.

Footnotes

  1. Net Asset Value - the amount per share you would receive if you sold shares that day. NAV Change indicates a change in the Net Asset Value from the previous business day.

  2. Figures are aggregate total return figures, have not been annualized and represent the change in value of an investment over the period indicated.

  3. Net Returns (NR) include income net of tax withholding when dividends are paid. MSCI All Country World Index-NR reflects the performance of MSCI All Country World Index (gross returns) from fund inception through 12/31/2000 and the MSCI All Country World Index-NR thereafter.

  4. Gross Expense Ratio reflects the total annual operating expenses for the share class shown, prior to the deduction of any waiver or reimbursement. Actual expenses may be higher and may impact portfolio returns. Net Expense Ratio reflects total expenses after any fee waivers, implemented expense caps or reimbursements. If a fund has contractual fee waivers, expense caps and/or reimbursements, the expiration date can be found by clicking on the information button next to the net expense ratio. Additional amounts may be voluntarily waived and/or reimbursed and may be modified or discontinued at any time without notice. Expense ratios are as of the most recent prospectus or annual report.

  5. Net Expense Ratio represents the expense ratio applicable to investors. 

  6. Public Offering Price – the purchase price for each share of the fund on a given day.  It includes the maximum initial sales charge, if any.

  7. Effective 1/1/97, the fund began offering Advisor Class shares. For periods prior to the fund's Advisor Class inception date, a restated figure is used based on the fund's oldest share class, Class A performance, excluding the effect of Class A's maximum initial sales charge but reflecting the effect of the Class A Rule 12b-1 fees; and for periods after the fund's Advisor Class inception date, actual Advisor Class performance is used, reflecting all charges and fees applicable to that class.

  8. Performance quotations for this class reflect the following methods of calculation: a) For periods prior to the fund's Advisor Class inception date, a restated figure is used based on the fund's oldest share class, Class A performance, excluding the effect of Class A's maximum initial sales charge but reflecting the effect of the Class A Rule 12b-1 fees; and b) for periods after the fund's Advisor Class inception date, actual Advisor Class performance is used, reflecting all charges and fees applicable to that class.

  9. The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products with at least a three-year history, and subject to change monthly. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total return, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total return. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads. Morningstar Rating is for the specified share class(es) only; other classes may have different performance characteristics. 
    ©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.